0 UndisclosedBoone, IA 50036

For Sale
$170,000

Established eatery, high revenue potential.

Overview

Added:
Dec 11, 2024
Days on market:
90
This thriving Chinese restaurant in Boone, IA, is offered for sale at $170,000. Generating gross revenue of $384,481 and boasting a Seller's Discretionary Earnings (SDE) of $54,472, this six-employee establishment presents a compelling investment opportunity. The restaurant features a modern, well-equipped facility with $87,741 in furniture, fixtures, and equipment (FF&E). Located in a high-traffic area of Central Iowa, its prime location ensures consistent customer flow. The current owner, retiring after five years, offers four to eight weeks of support and training to ensure a smooth transition. A non-compete agreement is in place for 20 miles over three years. The restaurant's authentic Chinese menu and commitment to quality have cultivated a loyal customer base. With strategic marketing and advertising, significant growth potential exists. This turnkey operation is ideal for an experienced restaurateur seeking a profitable venture in a desirable location. The zip code is 50036.

Highlights

  • Boone, IA Chinese restaurant for sale at $170,000.
  • $384,481 gross revenue and $54,472 Seller's Discretionary Earnings (SDE).
  • Six-employee operation with $87,741 in FF&E.
  • High-traffic location in Central Iowa (zip code 50036).
  • Seller offering 4-8 weeks of training and a 3-year, 20-mile non-compete agreement.

Location Insight

City
Boone
County
Boone
State
Iowa
Latitude
42.0621987
Longitude
-93.905578
Undisclosed, Boone, Iowa

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